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Article: Bay View Capital Corporation Announces Second Quarter Net Assets In Liquidation.
- Article from:
- PR Newswire
- Article date:
- July 22, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Bay View Capital Corporation (the "Company") today reported net assets in liquidation of $409.9 million, or $6.37 in net assets in liquidation per outstanding share at June 30, 2003 as compared to $411.0 million, or $6.41 in net assets in liquidation per outstanding share at March 31, 2003. During the third quarter of 2002, the Company adopted liquidation basis accounting as a result of its stockholders' approval of a plan of dissolution and stockholder liquidity and subsequent completion of the sale of its retail banking assets to U.S. Bank, N.A. In accordance with accounting principles generally accepted in the United States of America, under the liquidation basis of ...